Seacoast Capital has raised $239 million for its fourth fund. The limited partners of Seacoast Capital Partners IV LP included banks, private pension funds, private foundations, insurance companies, family offices and high-net worth individuals. The fund will focus on investing in lower middle market companies.
Boston, MA and San Francisco, CA, October 5, 2016 – Seacoast Capital (“Seacoast”) is pleased to announce the closing of Seacoast Capital Partners IV, L.P. (“Seacoast IV”) with total commitments of $239 million. Limited partners include banks, private pension funds, private foundations, insurance companies, family offices and high net worth individuals. Along with significant support from private limited partners, Seacoast received approval from the U.S. Small Business Administration (“SBA”) for its fourth Small Business Investment Company (“SBIC”) license.
Over 85% of investors from the firm’s 2012 vintage $150MM fund, Seacoast Capital Partners III, L.P., returned to invest in Seacoast IV.
Consistent with the investment strategy of its predecessor funds, Seacoast IV will make non-controlling investments in privately held lower middle market companies. Seacoast specializes in “sponsorless” transactions, preferring to deal directly with company owners or management teams, although the firm will opportunistically consider investments led by professional investor groups. Seacoast will invest from $3 million to $20 million in any combination of junior securities for any one company. The partnership, led by Tim Fay (San Francisco), Tom Gorman (Boston) and Jeff Holland (San Francisco), is dedicated to identifying companies whose management teams possess a passion for maximizing the potential of their chosen enterprise.
Seacoast is also pleased to unveil its newly updated website at www.seacoastcapital.com.
About Seacoast Capital
Founded in 1994, with offices in Boston, MA and San Francisco, CA, Seacoast Capital invests subordinated debt and equity in partnership with management in lower middle-market specialty manufacturing, value-added distribution, business services and consumer companies. Seacoast typically invests $3 million to $20 million of subordinated debt and equity alongside existing management in companies with $10 million plus in revenues and $2 million plus of EBITDA to support growth, refinancings or management buyouts. Geographically, Seacoast invests anywhere in the United States. Since its inception, Seacoast manages over $500 million which the firm has invested in more than 70 companies across the United States. Seacoast is now actively seeking investment opportunities.
For additional information or to submit an investment opportunity, please contact Tom Ley, Principal, by phone at (415) 956-1400 or by email at email@example.com.